FINANCE: Plymouth Hospitals Trust was reporting a deficit more than double plan at the end of January but is forecasting to break even by year end.
A report to March’s board revealed the trust had a deficit of of £2.6m at the end of January against a plan of £1.1m.
It said income under recovery was due to fewer complex cardiac cases undertaken than planned; fewer patients treated from the Ministry of Defence; fewer non contracted activity sources (out of area patients) and a continuing shortfall in private patient income.
The report said: “The trust is behind profile by £1.4m against the planned financial position at the end of January.
“With further management actions the trust is forecasting that the breakeven position will be achieved but the increasing dependency on non recurrent cost improvement plans in year will increase the challenge for 2012-13.”
2 March 2012